Coco's Bakery
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Type | Subsidiary |
---|---|
Industry | restaurant |
Genre | Bakeries |
Founded | 1948 |
Founder | John and Audrey McIntosh |
Headquarters | |
Area served | Los Angeles |
Products | food |
Parent | Shari's Management Corporation |
Website | www |
Coco's Bakery is a subsidiary chain of Shari's Cafe & Pies and casual dining restaurants operating in the western United States. As of April 2021, it operates 33 restaurants in Arizona, and California. It began as The Snack Shop in 1948 in Corona del Mar, California, and had switched owners multiple times.
History[]
In 1948, The Snack Shop along the Pacific Coast Highway in Corona del Mar, California, was purchased by John and Audrey McIntosh.[1] John and Audrey decided to purchase the restaurant after he had worked there for two weeks. In partnership with his brother-in-law Bill McIntyre,[2] they grew the Snack Shop concept to many more units and then in 1960 expanded the business into Reuben's in Newport Beach. Then in 1965 they expanded the Snack Shop concept to Coco's and the Reuben E. Lee, ultimately converting all Snack Shops to Coco's. As the name implies, the bakery-restaurants feature pies. After the conversion of the Snack Shops to Coco's locations, as well the newly expanded Reuben's steakhouse franchise that were co-located on Coco's properties, the entire operation was sold to W. R. Grace and Company, a New York chemical conglomerate, as part of its Restaurant Services Division. During this period of Grace ownership, Grace also added local Mexican restaurant chain El Torito, Carrows and many others.
After years of poor performance, W. R. Grace spun off 145 restaurant locations in a leveraged buyout to Restaurant Enterprises Group, a company composed of Grace managers.[3][4] In 2002, Coco's, along with its sister chain Carrows, was purchased by Catalina Restaurant Group, headquartered in Carlsbad, California. In 2006, Catalina Restaurant Group was bought by Japanese company Zensho Co., Ltd., which has operated Coco's Japan for many years.[5]
In 2015 San Antonio, Texas-based Food Management Partners acquired Carlsbad, California-based Catalina Restaurant Group Inc., parent of the Coco's and Carrows concepts, from Zensho Co., Ltd..[6] See also ja:ココスジャパン (Coco's Japan Co., Ltd).
In September 2018, it was announced that Shari's Cafe & Pies had taken over Carrows and Coco's.[7][8]
Competition[]
In California, Coco's Bakery Restaurant and sister chain Carrows compete with other local casual restaurants with an in-store bakery (or a sales counter), such as Hof's Hut, Polly's Pies and Marie Callender's restaurants.
References[]
- ^ "John McIntosh's Obituary on Orange County Register". Orange County Register. Retrieved 2018-01-19.
- ^ "William Charles "Bill" McIntyre's Obituary on Orange County Register". Orange County Register. Retrieved 2018-01-19.
- ^ Hayes, Scott (May 1989). Orange County Magazine. Emmis Communications. Retrieved 2014-03-07.
- ^ Horovitz, Bruce (February 12, 1986). "W. R. Grace Will Sell 124 Units in Restaurant Group". Los Angeles Times. Times-Mirror Corporations. Retrieved 2014-03-07.
- ^ Catalina Restaurant Group Announces Merger with Zensho America Corporation
- ^ "Underperforming Coco's and Carrows restaurants shuttered". Nation's Restaurant News. April 2, 2015.
- ^ "Shari's Pies now owns Coco's and Carrows". Restaurant Business.
- ^ "Shari's Management Corp. takes over Coco's and Carrows". Nation's Restaurant News. September 13, 2018.
External links[]
- Companies based in Carlsbad, California
- Economy of the Southwestern United States
- Regional restaurant chains in the United States
- Fast-food chains of the United States
- Bakeries of the United States
- Restaurants established in 1948
- Bakery cafés
- Restaurant franchises
- Restaurants in San Diego County, California
- 1948 establishments in California